AS Roma Fan Token

Tokens are essentially assets that can signify proof of ownership or even serve as a membership credential. With their versatile uses, tokens have been integrated into various applications, leading to the development of specialized blockchains designed to support them. Among these, Ethereum and its ERC token standards are the most widely adopted. Socios.com is an application designed for football (soccer) enthusiasts, allowing users to gain voting rights that let them have a say in the decisions of their favorite clubs by purchasing club-specific Fan tokens.

Chiliz ($CHZ) is an ERC20 utility token built on the Ethereum blockchain, acting as the digital currency for the chiliZ and Socios.com platforms. As these platforms were launched, alongside other sports-related blockchain initiatives, they introduced a fresh category of tokens known as Fan Tokens. When joining the Socios.com platform, club partners, whose partnerships are yet to be announced, conduct what is called a Fan Token Offering (FTO). Fans are required to buy $CHZ through a cryptocurrency exchange to obtain Fan Tokens. These tokens, which are associated with a specific team or club, are a limited digital resource that offers access to an encrypted ledger detailing voting and membership rights ownership.